Fmr LLC Increases Position in Roku, Inc. (NASDAQ:ROKU)

Fmr LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,183,942 shares of the company’s stock after purchasing an additional 4,613,570 shares during the quarter. Fmr LLC owned approximately 13.21% of Roku worth $1,426,134,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after buying an additional 185,676 shares during the last quarter. Geode Capital Management LLC lifted its position in Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock valued at $159,353,000 after acquiring an additional 56,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after acquiring an additional 34,898 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Roku by 164.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company’s stock worth $37,642,000 after purchasing an additional 314,931 shares during the last quarter. Finally, Andra AP fonden grew its holdings in Roku by 5.3% in the fourth quarter. Andra AP fonden now owns 490,600 shares of the company’s stock worth $36,471,000 after purchasing an additional 24,600 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares of the company’s stock, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $8,632,306 in the last three months. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

ROKU stock opened at $55.28 on Monday. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm’s fifty day moving average is $79.65 and its 200 day moving average is $77.39. The firm has a market cap of $8.07 billion, a PE ratio of -62.11 and a beta of 2.17.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research report on Thursday, February 13th. UBS Group upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday, March 23rd. JMP Securities boosted their target price on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.55.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.